Isaac Vogelzang Comment On Regulatory Notice 21-19
Isaac Vogelzang
N/A
I think that naked short selling should be completely outlawed in every corner of Wall Street. However, considering that large financial groups have very large amounts of money and power in their favor, I don't think that is possible. What is possible is complete equality and transparency when it comes to disciplinary actions enforced. For example, the hedge fund Citadel Securities has been charged with many financial crimes relating to stock trading, and has received some fines. However, it is clear that they have not changed their ways, and instead of receiving increasingly harsher repercussions, they continue as if nothing happened. For a company of their scope, the fines received are pocket change. As long as this is allowed, it is clear that the authorities choose to bow to those with more money and power, rather than being fair and equitable across the board.
Isaac Vogelzang Comment On Regulatory Notice 21-19
I think that naked short selling should be completely outlawed in every corner of Wall Street. However, considering that large financial groups have very large amounts of money and power in their favor, I don't think that is possible. What is possible is complete equality and transparency when it comes to disciplinary actions enforced. For example, the hedge fund Citadel Securities has been charged with many financial crimes relating to stock trading, and has received some fines. However, it is clear that they have not changed their ways, and instead of receiving increasingly harsher repercussions, they continue as if nothing happened. For a company of their scope, the fines received are pocket change. As long as this is allowed, it is clear that the authorities choose to bow to those with more money and power, rather than being fair and equitable across the board.